MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Stock Price Up 2% – Still a Buy?

MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYDGet Free Report) traded up 2% during trading on Tuesday . The stock traded as high as $14.05 and last traded at $14.05. 3,160 shares were traded during mid-day trading, a decline of 5% from the average session volume of 3,325 shares. The stock had previously closed at $13.78.

MicroSectors Travel -3x Inverse Leveraged ETN Stock Up 2.0 %

The company has a market cap of $1.12 million, a P/E ratio of 13.48 and a beta of -4.42. The business has a 50-day moving average price of $19.26 and a two-hundred day moving average price of $16.44.

About MicroSectors Travel -3x Inverse Leveraged ETN

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The MicroSectors Travel -3x Inverse Leveraged ETN (FLYD) is an exchange-traded fund that is based on the MerQube MicroSectors U.S. Travel index. The fund tracks -3x the daily price movements of a liquidity-weighted index of US-listed travel-related companies. FLYD was launched on Jun 24, 2022 and is issued by REX Microsectors.

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